Argentina's central bank moved on Wednesday to improve its debt profile by offering to swap some of its one-month Lebac securities for paper of longer duration, the bank said in a statement. If the swaps succeed in extending payments, which have obliged the bank to take a hard once-a-month blow to its reserves, the bond market may take the move as a needed financing improvement for a country ailing from high inflation and uncertainty about the stability of its peso currency. "It's worthwhile to make a small effort to re-profile the Lebacs to avoid having such a high concentration of maturities in the short term," central bank chief Federico Sturzenegger said in an address to economists on Wednesday.

Argentina's stock market climbed on Wednesday after the central bank held a successful auction of its Lebac notes the previous day, but the peso ended slightly weaker as the bank sold no dollars on the ...

Argentina's stock and bond markets rose on Wednesday while the peso ended slightly weaker after the central bank allowed the currency to float freely, choosing to sell no dollars on the spot market despite an earlier intervention offer. It was the first trading session since May 9 that the bank did not sell reserves in a bid to prop up the peso, which has weakened by 15.44 percent so far this month. President Mauricio Macri called a news conference to say he considered the recent turbulence in the foreign exchange market to be over and called on his own administration to quicken the pace of its deficit-cutting program.

The International Monetary Fund said on Monday a target exchange rate for the peso will not be a condition of a financing deal with Argentina, as the currency closed more than 6 percent weaker at a record low of 25 per U.S. dollar. Argentina requested a "high access stand-by arrangement" from the IMF last week after the peso depreciated rapidly, prompting the central bank to sell reserves and hike interest rates to 40 percent in a bid to contain one of the world's highest inflation rates and stop the peso's slide.

Argentina's central bank sold $1.1 billion in the foreign exchange market on Friday and the peso weakened 2.74 percent to an all-time closing low of 23.35 per U.S. dollar despite talks aimed at securing an International Monetary Fund financing deal. Argentina requested a "high access stand-by arrangement" from the Fund earlier this week after the peso depreciated rapidly, prompting the central bank to sell reserves and hike interest rates to 40 percent in a bid to contain one of the world's highest inflation rates as well as stop the peso slide.

The pressure on the Argentine peso showed no sign of letting up on Friday, with the currency sinking to a new low even after the country bit the bullet and turned to the IMF for help in stabilising the economy. The peso slumped 5.4 per cent to 24.00 in early trade, according to Thomson Reuters data. The country’s benchmark Merval stock market snapped a two-day winning streak to trade 2.8 per cent lower, while the country’s century bond slipped again to trade at just a little over 87 cents on the dollar.

Argentina's peso was stable after the central bank sold foreign currency reserves in the spot market on Thursday for the first time since the country announced it was seeking financing from the International Monetary Fund (IMF) earlier this week. Stocks and bond prices also rose on Thursday, the first session after the government said it would request a "high access standby" financing deal from the IMF as Argentina tries to tackle one of the world's highest inflation rates amid general outflows from emerging markets.

Argentina's MerVal stocks index shot higher on Wednesday, just a day after the government said it had initiated financing talks with the International Monetary Fund that are likely to "take weeks." ...

President Donald Trump just lit a fire under oil prices and big energy stocks. It should also be good news for economies overseas that are heavily tied to the oil price. The Dow Jones Industrial Average has risen 137.74 points, or 0.6%, to 24,497.95, while the S&P 500 has gained 0.7%, to 2691.13 and the Nasdaq Composite is up 0.6% at 7309.57.. Elsewhere, the humorous moment of the day comes courtesy of Argentina, whose Merval stock-market index suddenly boomed 6% on hopes that the international community, in the form of the International Monetary Fund, will bail the country out of its latest financial crisis.

Argentina's peso currency opened stable at 22.6 per U.S. dollar on Wednesday while the Merval stock index rose 3.7 percent a day after the government said it had initiated financing talks with the International ...

The Argentine peso hit a record low on Tuesday, hurt by geopolitical tensions, before the South American country announced it is seeking an International Monetary Fund deal to stabilize its finances after ...

Bloomberg News reported that Latin America's third-largest economy could get a $30 billion loan from the IMF, lifting Argentina's currency from a record low. The Financial Times and Reuters also reported that Argentina is seeking a credit line. For the year, the peso is down more than 23 percent against the greenback despite Argentina sporting the highest overnight interest rates in the world.

Argentina's peso closed slightly weaker on Monday, though analysts remained optimistic the government and central bank had curbed a run on the currency with a massive rate hike and lower fiscal deficit target last week. Last week, the peso hit an all-time low of 23 per greenback, prompting the government to announce additional fiscal belt tightening and the central bank to hike its key interest rate to 40 percent on Friday. The peso closed up 5 percent on Friday but was still down 15 percent for the year.

Most Latin American currencies extended their slide on Monday due to persistent concerns over rising U.S. interest rates, but the Argentine peso firmed for a second day in the wake of a sharp rate hike. Currencies from Chile, Mexico, Brazil and Colombia slipped between 0.3 and 1.2 percent. Emerging-market currencies have taken a hit in recent weeks as traders shed high-yielding assets on expectations that accelerating U.S. inflation and a widening fiscal deficit could force the Federal Reserve to tighten policy faster.

Argentina looked good for emerging market bond lords and distressed asset investors in late 2017. Everyone believed in the government of Mauricio Macri. Argentina was going to come back, and indeed was already returning to the capital markets with welcoming arms.

Argentina's central bank surprised markets on Friday by hiking its key interest rate and intervening with dollar sales to support its peso, while Mexico's and Brazil's currencies gained ground after steep, ...

Latin American equities soared across the board on Friday, with Brazil's benchmark Bovespa index gaining the most intraday in three weeks, after new economic data in the United States eased fears of tighter ...

Latin American markets and currencies were broadly down on Wednesday, after the departure of a high-ranking economic aide to U.S. President Donald Trump renewed fears of a global trade war. On Tuesday, ...

State-owned China Southern Power Grid Co. is considering a bid for a stake in Argentina’s largest power-transmission operator that could fetch about $400 million, according to people with knowledge of ...

U.S.-based investment manager Franklin Templeton Investments has launched a partnership with Grupo SBS under which it will advise funds catering to Argentine investors and sold by the Buenos Aires-based fund manager, the companies said. Under the arrangement, Franklin Templeton will advise on three fixed-income mutual funds that SBS plans to relaunch, including one focused on peso-denominated debt, one focused on dollar-denominated debt, and a third focused on fixed-income assets elsewhere in Latin America. "It is an alliance in which Franklin Templeton will act as an investment adviser for the funds that we administer," SBS director Leandro Trigo said in a telephone interview on Thursday.

Equities and currencies fell across Latin America on Tuesday after new Federal Reserve Chairman Jerome Powell said his personal outlook for the U.S. economy had strengthened since December. In remarks ...

Latin American equities markets were steady or in the black across the region on Wednesday, as traders showed cautious optimism after an equities rout on Wall Street appeared to putter out. Brazil's benchmark ...